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 Big 4 Recruitment Drive_v3

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post Feb 10 2016, 11:10 PM

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QUOTE(Asenav @ Feb 10 2016, 05:48 PM)
Hello everyone, I'm a final year student in Bachelor of Commerce (Hons) Accounting. My internship semester will be in my final semester before graduation.

I'm aware that I can apply for a post in Big 4 while in final year. Suppose I apply to KPMG or Deloitte in KL (preferably in the audit dept), would they consider me as a fresh graduate (since I don't have to go back to uni after internship), or as an intern?
My concern is that the remuneration for both positions would be different (if not mistaken). And I've heard about the crazy work hours that fresh graduates have to endure. 0.0

Would be really grateful if anyone in Big 4 would answer my question here. Thanks! =)  notworthy.gif
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No degree = intern
Intern = +-RM1k

Got degree = fresh grad
Fresh grad = +-RM3k
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post Apr 22 2016, 11:45 AM

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QUOTE(red_apples @ Apr 22 2016, 09:49 AM)
Hi!

To those working full time in audit and attending classes during the weekends, what is it like? What advice would you give as I will be doing the same thing? Could you maybe share how is your schedule roughly like?

Thanks! biggrin.gif
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I worked full time and took the CFA. I do not do weekend classes. What I do is I take 1 month leave just before the exam and cramp everything in that 1 month.

Worked well for the past 2 years, coming June will hopefully be the last sitting.


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post Apr 27 2016, 06:08 PM

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QUOTE(I_Thought @ Apr 27 2016, 05:01 PM)
Mind if i ask are u working in audit line? which big 4 sponsor for CFA if working in audit line? I ask my HOD and he say audit line will not get sponsorship for CFA bangwall.gif  bangwall.gif
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I did audit and yes, my firm does not sponsor my CFA. All my bonus money went to CFA exam fees.
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post Apr 28 2016, 01:17 PM

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QUOTE(I_Thought @ Apr 28 2016, 09:44 AM)
so u do audit while study CFA.  notworthy.gif  notworthy.gif  notworthy.gif

can i ask do u take P4 as your ACCA optional papers?

If I study P4 before, will it be very helpful when come to CFA?
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Yeah I did P4. It does help because there are some overlaps between the two curriculum, but not a lot.
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post Apr 28 2016, 06:45 PM

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QUOTE(I_Thought @ Apr 28 2016, 05:21 PM)
Thank you very much for your input. notworthy.gif
yeap, advisory side. but i joined the audit side already. may be too late for me to transfer to advisory and i do hope that I have audit background before i pursue CF which I always want to join
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I am currently in CF (less than 1 year), and I can say that a lot of the skills you gained in audit are transferable (e.g., ability to read and understand financial statements).

I have seen quite a few auditors who transitioned into CF where I work. How long have you been in audit? I have seen audit managers joining CF, but they have to start from scratch though.
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post Nov 23 2016, 06:50 PM

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QUOTE(I_Thought @ Nov 23 2016, 03:43 PM)
Hmm according to my source, audit experience does count in the 4 years relevant working experience. Moreover, if lets say I pass this coming Dec exam, I will be taking Level 2 next year June and as everyone know, January to March (April if you are unlucky) is the peak period in audit. I am little bit afraid that I can't cope with working OT for 3 months and still need to study heavy loaded subject in Level 2 lol.

Anyway, I have not start job hunting yet, attempt to request to transfer department within firm but seems like nothing come back lol.
P.S: I read your post in another thread giving advise on CFA study, can I ask are you a CFA Charterholder?
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Hi, I did audit for 3 years before jumping to CF. Before I offer you my opinion to your 3 questions, I can confirm to you that your audit experience can count towards the 4 years relevant working experience, but only if you meet certain criteria (go read up at their website).

Lots of people passed level 2 and level 3 as an auditor, so can you, if you put in the hours.


Now your questions:

1. lets say if I stay for another 3 years in audit, will the experience help me in future when I going to jump to a slightly different field, i.e Finance/Advisory related.

My opinion is, in the short term, you will most likely lag your colleagues who have started directly in that field itself. In the long term, everyone move at different speed so it's hard to tell. You may well still lag your colleagues who started directly, but as a consolation you will have an additional skill they do not have - accounting. For example, I have met many senior CF people who cannot do simple proforma because they lack accounting knowledge. This is where I come in and add value to the team.

2. Is it better for me to gain exposure now in what I am going to do in future than staying in audit for the sake of staying?

I think it is better to gain exposure to what you think you want to do now.


3. If I jump after 3 years, do I need to start as a fresh grad in the slight different field?

It depends, but most likely yes. You may or may not retain your title or your current pay. For me I was lucky as I joined at the senior exec level and got a pay rise when I jumped.
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post Nov 25 2016, 11:22 AM

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QUOTE(I_Thought @ Nov 24 2016, 08:54 PM)
I have already put in everything I got for this exam lol. no more social no nothing for 4 months. Just afraid that next year when peak period start I can't be studying like what I did in Lvl 1. This will be a serious issue.

So your advise is keen towards that I should just leave provided I given the opportunity?

mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance.
I am very hungry for success bruce.gif  bruce.gif . I literally gave in everything to make myself pass. As of now, the HR in my firm telling me that I will need to work at least 1-2 years in audit in order to transfer (provided HOD approved). I sent them my CV but nothing comes back lol.

mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance.
I will ask for 1 month break on May'17. Not sure if my manager allow since that period consider ngam ngam off peak. They did allow me to take a month off now until the end of the exam but not sure about next year.

You mean ask partner directly for the transfer? Not sure if this will work but I am afraid that they will see this as provocation as I am still not very close with any of the partners lol.

I do agree that CFA syllabus is damn heavy as there are no other professional exam that can group 10 topic together and test them all in 6 hours. After I completed my ACCA i thought i very pro already, until i met CFA lol.

Regarding the 4 years experience, I think audit satisfied the first point in your post, no? We audit the FS to aid Investor in decision making lol.

So you have completed the exam and currently gaining experience for the charter? 

mind sharing your glorious moment on how u manage to work as an auditor still completing the 3 level exam? I need some advise on this. Thanks in advance.
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For me I nego with my bosses very very early in advance and they allowed me to take 1 month off. I didn't touch any of the books from Jan - May because of my work commitments (plus I'm lazy and I wanted to enjoy my weekends when I can).

I can't advise you on how you should study but I can share with you my method::

1) use 3 weeks or less to finish reading the materials (use Schweser, don't use the official books)
2) use the remaining 1 week to do as much practice questions as you can

But I have to admit I have a strong foundation in accounting, which is a big part of Level 1 and Level 2. Having a deep interest in corporate finance and economics also helps - I read books on these subjects in my spare time before embarking on my CFA journey. So, arguably my preparation for the exam started way before I even registered for CFA LEVEL 1.

Also, google Analyst Forum and make use of the resources there. I always visit that forum whenever I get stuck.



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post Dec 23 2016, 12:22 PM

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QUOTE(dasecret @ Dec 23 2016, 11:25 AM)
I think it depends on which Big4 you are referring to, apparently the firm you came from changed it back to 6 years because they realise whilst it attracted talent, they couldn't retain when they promote people too quickly. Gotta say the steepest curve is when you become a manager

Anyway, I just counted my years properly and I was made manager in 4.5 years. So the girl I was referring to must have made manager in 4 years
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I heard a different story.

What I hear is that basically the firm received too many complaints that the quality of the audit managers were not up to standard. The harshest complaints came from ex-audit managers who have left the firm and joined commercial, becoming the firm's clients. These old-timers were comparing the current audit managers to the audit managers of their era, which were more experienced by the time they hit manager level.

So the firm decided that average AMs should stay 1 more year to gather more experience before being promoted to managers.

This post has been edited by ComingBackSoon: Dec 23 2016, 12:24 PM
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post Aug 15 2017, 11:28 PM

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QUOTE(PurpleGrenade @ Aug 11 2017, 11:00 PM)
Hi, it is interesting to read the discussions here.

I got a call from one of the big4 and they emailed me a preliminary assessment, the assessment looks like a personality test and I answered it with my first instinct as the instruction required me to do so. At first I thought the result will only be referred by the HR to understand more about myself but I am extremely surprise to receive an email from them replying that the firm will not proceed my application anymore the following day after the assessment. The questions were all MCQ, very subjective with no exact answers for each questions. I am wondering how a firm can judge a person by only referring to the result of a 20 minutes test. Its quite upsetting... Anyone knows what are the problems or reasons behind this? I am just a little curious about it. Thanks
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Means that Big 4 firm does not like to recruit people with your personality lo.

Some firms like to recruit competitive ppl who are very driven. Some firms like more easy going ppl. So happened that you are not what this Big 4 firm is looking for.

Instead of being upset, think of it being a blessing in disguise because even if you got it, you may be miserable due to not blending in well.

 

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